A Home Run Earnings Play in United Airlines Could Be On Deck

Crypto’s recent resurgence is a great sign that “risk on” trades are alive and well. There is still a big, big appetite for risk, which is great because we’re getting into the bulk of earnings season. 

We have a big-hitter coming up with Netflix set to report Thursday after the bell. Over the past year, Netflix Inc. (Nasdaq: NFLX) has seen some major moves on earnings, including a 13% bounce last quarter after an upside surprise.

The second quarter of 2022, it cratered 35% — after an earnings beat… This same quarter year over year, it tanked 22%, also on an earnings beat. But we were in a bear market, and we’re not quite as bearish right now.

So Netflix is likely to be a big mover, but here’s the problem…Netflix is trading around $330 a share as of Tuesday morning. If you think the stock is going to bounce on earnings, which it very well could, the weekly $350 calls were priced around $10.00 before the open Tuesday — very expensive. 

You’d need the stock to hit $360 to make a decent profit. To make money on a bearish move, you’d need it to trade down to around $275.

What I’m getting at here is much like we said last quarter, it’s hard to find good value in trading Netflix earnings. 

But there is a stock reporting Tuesday after the bell that presents a juicy opportunity. Check out Crush the Open — join us at 9 a.m. ET each Monday! — up top and let’s discuss a potential earnings home run trade in United Airlines Holdings Inc. (Nasdaq: UAL).  

Keep in mind, this is an all-or-nothing earnings play where if wrong, it’s likely going to $0. But if right…

Are there any topics you’d like to see me cover or questions you’d like answered? Send me an email at jeff@joyofthetrade.com with your trading questions and I may cover them in a future video. You can also join my free Telegram channel, where I share market insights real time throughout the week, articles, videos and more!

*This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk. 

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